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Journal of Accountancy · Recently
IRS raises per diem rates for business travel effective Oct. 1
Tax Brief summary and classification of the original reporting.
Bottom Line
💡 IRS raises per diem rates for business travel effective Oct. 1. Worth reviewing for potential client impact.
Summary
In its annual update, the IRS increased the special per diem rates taxpayers may use to substantiate business travel expenses for the upcoming travel year and updated its list of high-cost localities.
Classification
Category: fyiPriority: importantReason: Contains 'update' - significant update
Applies To
1040
Affected Groups
Individual return preparers
Related Topics
Original Source
We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.
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